HDFC Bank plans to introduce a mobile-bank-cum- ATM in Coimbatore to benefit its microfinance clients. Through this medium, the bank will offer a suite of banking products such as credit, savings, insurance and remittances. at the customers doorstep. Each mobile bank is expected to cost the Bank Rs.40 lakhs (USD 100,000) and Rs.1 lakh (USD 2,500) monthly.
The bank plans to extend this technology all over the country depending on the success of its pilot in Coimbatore.
Original article can be read here
5 comments:
Yeah,, thats really great,,, one of the many initiatives taken by HDFC Bank in the rural lending/Micro Finance area..
Wishing this initiative a good Luck..
regards
Vishal
A Proud HDFC Banker..
Mumbai
Most of the nationalised banks have reduced the home loan interest.
HDFC is not reducing the interest.is there any plans to reduce it or it will continue to squeeze its customers.
thnx. for this informative blog. yes this is rally good step which they take. this plane help the rural People much.
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